Zalando SE Reports Q3 Growth in GMV and Revenue
Zalando SE reported positive third-quarter financial results, highlighted by a 7.5% increase in Group gross merchandise volume (GMV), which reached 4.5 billion euros. The company's group revenue also saw an upward trend, growing 5.1% year-on-year to reach 3.2 billion euros. Profitability metrics showed significant improvement as adjusted EBIT rose by 10.6% to 107 million euros compared to the previous year. This growth in earnings contributed to an expansion of the adjusted EBIT margin, signaling improved operational efficiency for the European e-commerce platform.
Topics: adjusted EBIT gross merchandise volume profitability revenue growth